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"Underlying the political shocks the country has experienced over the last year is a call from many parts of the UK population for an economy over which they have more of a say and from which they get a fair share," Ed Mayo, the secretary-general of Co-operatives UK, said.

Mr Mayo explained the change with the need of people to have more influence on their local areas, the use of profits and also with the fact that the co-ops give a chance for young professionals to collaborate.

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There are now more than 6,800 independent co-operatives

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'The UK's 7,000 co-ops give people a say in what they do and how their profits are used'

What the Spring budget means for you

Mon, March 20, 2017

Spring budget 2017: Philip Hammond hailed Britain’s booming Brexit economy today as he delivered his first Budget of the year

Mr Hammond says he is 'building the foundations of a stronger, fairer, more global Britain'

He said: "As organisations owned by 13.6 million people, the UK's 7,000 co-ops give people a say in what they do and how their profits are used.

"They offer a practical way to reimagine an economy in which people have more control over their homes, work and local areas."

"It's no surprise we're seeing a spike in interest in co-ops, whether it's social care providers finding that a co-operative approach can give its users and workers a voice, or young designers and web developers seeing co-ops as a natural way to collaborate at work."